Nepse plunges by 79. 88 points on Sunday
The Nepal Stock Exchange (NEPSE) plunged by 79. 88 points to close at 2,894.57 points on Sunday.
Similarly, the sensitive index dropped by 14. 52 points to close at 519. 34 points.
A total of 42,686,640-unit shares of 333 companies were traded for Rs 19. 74 billion.
Meanwhile, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB), Upakar Laghubitta Bittiya Sanstha Limited (ULBSL) and Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) were the top gainers today with their price surging by 10. 00 percent. Likewise, Mandakini Hydropower Limited (MHL) was the top loser with its price dropped by 9. 91 percent.
At the end of the day, the total market capitalization stood at Rs 4. 59 trillion.
Gold price increases by Rs 1, 000 per tola on Sunday
The price of gold has increased by Rs 1, 000 per tola in the domestic market on Sunday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the precious yellow metal is being traded at Rs 152, 400 per tola today. It was traded at Rs 151, 400 per tola on Friday.
Similarly, the price of silver has increased by Rs 35 and is being traded at Rs 1,850 per tola today.
Gold price drops by Rs 500 per tola on Friday
The price of gold has dropped by Rs 500 per tola in the domestic market on Friday.
According to the Federation of Nepal Gold and Silver Dealers’ Association, the yellow metal is being traded at Rs 151, 400 per tola today. It was traded at Rs 151, 900 per tola on Thursday.
Similarly, the price silver, however, has increased by Rs 15 and is being traded at Rs 1,815 per tola today.
AMN launches ‘Startup with Annapurna’
To support young entrepreneurs and their startup businesses, Annapurna Media Network (AMN) has launched the ‘Startup with Annapurna’ campaign. “Young startups today are the big companies of tomorrow and play a crucial role in the economic development of our country,” says Manoj Basnet, General Manager of AMN. “This campaign aims to encourage these entrepreneurs and help promote their businesses by enhancing the branding and marketing of their products.”
According to Basnet, all AMN platforms will contribute to the campaign. The network’s media outlets include Annapurna Post (Nepali daily), The Annapurna Express (English daily), Radio Annapurna Nepal 94 MHz, annapurnapost.com, and AP1 HD television.
Startups participating in the campaign can benefit from product introductions in Annapurna Post, company profiles in The Annapurna Express, 30-minute product and company segments on Radio Annapurna Nepal 94 MHz, product videos on the network’s social media, international marketing opportunities, and more, adds Basnet.
